XML 28 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Cash flows from operating activities:        
Net income (loss) $ (73,311) ¥ (510,387) ¥ 104,026 ¥ 649
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities        
Depreciation and amortization 696 4,842 14,254 30,440
Share-based compensation expenses 107,138 745,873    
Gain on short-term investments (398) (2,771) (5,512) (3,255)
Impairment loss for long-term equity investment 2,298 16,000    
Share of profit from equity method investments, net of income tax (3,127) (21,772) (19,566) (2,902)
Other income, net (919) (8,321) (493)  
Dividend received from equity method investments 1,379 9,602 127 2,779
Allowances for doubtful accounts 8,472 58,981 42,337 10,715
Loss on disposal of property and equipment 63 439 831 698
Foreign currency exchange loss (gain) (34) (237) (684) 787
Deferred income tax benefit 169 1,178 (2,107) (911)
Changes in operating assets and liabilities:        
Accounts receivable (128,303) (893,223) (564,317) (641,518)
Deposits with real estate developers     397,868 (394,498)
Prepayments and other assets 4,287 29,846 (19,063) (14,664)
Accounts payable 110,512 769,363 534,779 338,364
Customers' refundable fees 462 3,219 (17,181) (17,747)
Accrued expenses and other payables (12,201) (84,943) (344,494) 13,135
Income tax payables (158) 822 8,673 3,502
Net cash (used in) provided by operating activities 17,025 118,511 129,478 (674,426)
Cash flows from investing activities:        
Purchase of property, equipment and software (243) (1,695) (8,442) (4,628)
Proceeds from disposal of property, equipment and software 512 3,566    
Investment in equity method investments (83,239) (579,492) (404,204) (63,000)
Investment in long-term equity investment     (56,000)  
Return of capital from equity method investees 51,504 358,558 148,858 17,500
Proceeds from disposal of an equity method investment 646 4,500 3,400  
Cash paid for short-term investments (65,524) (456,167) (1,267,483) (756,000)
Proceeds from disposal of short-term investments 74,538 518,921 1,234,012 1,018,255
Net cash provided by (used in) investing activities (21,806) (151,809) (349,859) 212,127
Cash flows from financing activities:        
Proceeds from initial public offering, net of offering cost 71,596 498,436    
Cash proceeds from short-term bank borrowings 77,570 540,030 415,000 663,100
Repayment for short-term bank borrowings (63,925) (445,030) (683,100)  
Net cash provided by (used in) financing activities 85,241 593,436 (268,100) 663,100
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,944) (20,484) 19,076 (40,020)
Net increase (decrease) in cash, cash equivalents and restricted cash 77,516 539,654 (469,405) 160,781
Cash, cash equivalents and restricted cash at the beginning of the year 114,082 794,218 1,263,623 1,102,842
Cash, cash equivalents and restricted cash at the end of the year 191,598 1,333,872 794,218 1,263,623
Supplemental information        
Interest paid (2,645) (18,411) (17,214) (14,527)
Income tax paid (247) (1,717) ¥ (729) ¥ (298)
Disposal of a subsidiary with net liability $ (273) ¥ (1,900)